Rent in the U.S.: Miami remains one of the most expensive cities in 2025

At the same time, there has been an increase in scams related to fraudulent rental advertisements.

For Rent Sign in Miami (Reference Image)Photo © CiberCuba/Grok

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A recent report from the real estate company Redfin reveals that the average rent in the United States has decreased, now standing at $1,592 per month, the lowest level since March 2022. However, Miami, Florida, remains one of the most expensive cities to rent, with an average price of $2,373 last December.

To afford this rent in Miami, an annual income of approximately $94,920 would be required. However, the average income in the city in 2024 was $57,157, which is almost 40% less than what is needed to cover the average rent.

Capture from Facebook/Telemundo 51

Although prices have not decreased as much as in other metropolitan areas, experts point out that some rents in South Florida have dropped by as much as $200. Factors such as the increase in leasing offers and the delay in renting properties from investors are influencing this trend.

Despite this slight decrease, Miami continues to be one of the five cities with the least affordable rentals in the country. The city reports an average income that is 39.8% lower than what is needed to rent an average home, placing it behind Providence, Rhode Island, which tops the list.

According to data from 2023, rental prices in Miami-Dade have seen significant increases, with single rooms exceeding $1,000 per month and some even reaching $1,295. This situation has led many residents to seek more affordable options in lesser-known neighborhoods.

Despite these challenges, by that time there were areas in Miami offering more affordable rental options. Neighborhoods such as Riverview, Pinewood, and West Little River had more accessible rental prices, with rates ranging from $672 to $1,020 for one-bedroom apartments.

Real estate experts recommend that before deciding between renting through leasing or directly from an owner, interested parties should consult with a real estate agent to determine the most economical option.

Furthermore, it is suggested to explore lesser-known neighborhoods and to stay alert to market fluctuations to find more affordable opportunities.

Parallely, according to a report from Telemundo 51, there has been an increase in scams related to fraudulent rental advertisements. Scammers post non-existent or unavailable properties, request advance payments, and then disappear without a trace. To avoid falling victim to these scams, it is recommended to verify the authenticity of the listings, be wary of offers that seem too good to be true, and never make payments without having visited the property or without legitimate confirmation from the owner.

Facebook/Telemundo 51 Capture

It is crucial for potential tenants to remain vigilant and take preventive measures to protect themselves in the competitive and sometimes risky rental market of Miami.

Frequently asked questions about the rental market in Miami

Why is the rental price in Miami still so high?

Miami remains one of the most expensive cities to rent due to high demand and interest from international investors, despite a slight decrease in some rents in South Florida.

What annual income is needed to rent in Miami?

To afford an average rent in Miami, an annual income of approximately $94,920 is required, while the average income in the city is $57,157, representing a significant shortfall for many residents.

Are there more affordable rental options in Miami?

Yes, there are neighborhoods like Riverview, Pinewood, and West Little River that offer more affordable rental options, with prices ranging from $672 to $1,020 for one-bedroom apartments.

What precautions should be taken against potential rental scams in Miami?

To avoid scams, it is recommended to verify the authenticity of the listings, be cautious of offers that seem too good to be true, and never make payments without having visited the property or received legitimate confirmation from the owner.

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CiberCuba Editorial Team

A team of journalists committed to reporting on Cuban current affairs and topics of global interest. At CiberCuba, we work to deliver truthful news and critical analysis.

CiberCuba Editorial Team

A team of journalists committed to reporting on Cuban current affairs and topics of global interest. At CiberCuba, we work to deliver truthful news and critical analysis.